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The stock market reacts negatively to the outcome of the first debate between trump and Biden

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October 5, 2020
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The stock market reacts negatively to the outcome of the first debate between trump and Biden
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The first debate between trump and Biden showed that the incumbent President does not recognize the results of the upcoming election in November is not in their favor. Trump ignored the rules of debate, constantly interrupting the competitor and again warned about the fraud in the elections.

Фондовый рынок отрицательно реагирует на итоги первых дебатов между Трампом и Байденом

Major stock indices dropped at the close of trading on Tuesday ahead of the first debate between Donald trump and Joe Biden, two of the key candidates for U.S. President in the upcoming elections in November.

In the first (of three planned) debate the presidential candidates discussed topics such as: the new judge in the Supreme court, the response to the pandemic COVID-19, health, the economy, the climate, the attitude of neo-fascist racist organization Proud Boys and the honesty of the results of the upcoming elections.

Representatives of the presidential campaign, Joe Biden has already announced that their candidate will attend the second debate, scheduled for October 15 in Miami, as well as third on October 22 in Nashville.

During the debate, trump was frequently interrupted by Joe Biden and Chris Wallace of Fox News, accusing the illicit earnings of millions of dollars Biden’s son, exceeding the time allotted to it and ignoring other rules.

On the issue of respect for the far-right neo-fascist racist organization Proud Boys, trump did not openly condemn the supporters of the supremacy of the people of the white race. The President said that it is not they “increased violence” in connection with the riots in the United States, the perpetrators are “radical left” organizations like ANTIFA.

Many polls in the US say about a small ahead of Biden, the ranking of trump in the upcoming elections. Because of the conditions of a pandemic, many Americans plan to vote by mail.

On Tuesday, President trump repeated his allegations that the postal vote will lead to a massive widespread fraud. The current President said he “cannot accept” the election results based on millions of mailed ballots, especially if many of these ballots are received and counted after election day.

“It will be a fraud, which you’ve never seen,” said trump. “We may not know for several months what the outcome of the elections and who will win”.

In turn, Biden said that trump’s claims are without any evidence and “are intended to discourage people from voting, because he’s trying to intimidate people by making them think that the elections will not be legitimate”.

“If I win, it will be accepted, if I lose, it will be taken,” Biden said, urging voters to vote by mail or in person: “vote in any convenient way.”

“He’s just afraid to count the vote,” Biden said about trump.

Trump pointedly refused to ask his supporters to remain calm during the extended vote count. Biden said he will call for calm and to refrain from declaring a premature victory.

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